The Internet is an ever-expanding platform that supplies new possibilities to make money online. One of these options is to become a domain reseller and offer domain names to end customers, gaining profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each day, and there are 1 000 000's of currently functioning domains, so this is a growing marketing niche that you can become involved in.
Top-Level and Second-Level Domains
A domain is composed of 2 components - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The generic TLDs include the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs are made of 2-letter abbreviations that correspond to each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic Top-Level Domain or a country-code one, has a Registry - an institution that deals with the registrations and determines the requirements that each particular top-level domain name may have, like the length of the registration period or the residency of the registrant. Certain Registrar companies work under the Registry. These are the corporations that in fact offer the domain name to customers and handle all DNS records.
Make Profit From Trading Domain Names
Numerous Registrars have reseller programs that allow individuals to earn money from offering domains to end customers. If you sign up for such a program, you can begin your own personal electronic business. Usually, a domain name will cost less if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end customer. The explanation is that resellers can reach more clients in local regions or states where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both parties will cash in on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar charges for the domain registration.
Sell Domain Names Under Your Own Brand
When you sign up for a domain reseller program, you will obtain a hosting Control Panel where you can set the prices for the various top-level domain names that the Registrar provides. Most companies also provide invoicing transaction software and themes for your web storefront, and the automation of the entire process coupled with the high demand for domain names make the domain reseller industry so seductive. You will either have a ready-for-use web site and avail of the Registrar system to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can create your very own web page and order form. Commonly, you have the option to pick between the 2 alternatives, so it all depends on how expert you are in these things. As a domain reseller, you will operate under your own brand and not on behalf of the Registrar's brand.
Gain Profit From Reselling Website Hosting Services Too
A suitable supplement to your domain name reseller business would be to sell web hosting solutions too. Thereby, you can offer a package deal to individuals who wish to build their web page and demand both a domain and a webspace hosting account. Some firms provide such options. With 'ResellersPanel', for instance, you can order a Virtual Dedicated Server or a dedicated server, and they will also give you a domain name reseller account and free-of-cost billing management software to bill your clients. You can then sell Top-Level Domains and shared website hosting packages to customers, and since they provide a lot of diverse domain name extensions, you will be able to provide domain and hosting services to users from all over the world.